Titan Medical Inc (TMDIF)

[FISH21049]

IF a bank made a loan to Titan, and secured it with a blanket UCC (Uniform Commercial Code) security interest, that security interest filing would say something like '....all inventory, furniture, fixtures, equipment, receivables now and recorded in the future, patents, licensing agreements, and any and other tangible assets ...." then the bank would have a right to seize and dispose of their 'COLLATERAL' with proper notification sell them to the highest bidder.

A bank is NOT in the business of owning assets, be it be real estate, equipment, patents, etc. It would take appropriate steps in liquidating its 'collateral' at the earliest opportunity..